A stock has a required return of 16%, the risk-free rate is 6.5%, and the market risk premium is 5%. What is the stock's

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A stock has a required return of 16%, the risk-free rate is6.5%, and the market risk premium is 5%. What is the stock's beta?Round your answer to two decimal places. If the market risk premiumincreased to 9%, what would happen to the stock's required rate ofreturn? Assume that the risk-free rate and the beta remainunchanged. Do not round intermediate calculations. Round youranswer to two decimal places.
If the stock's beta is greater than 1.0, then the change inrequired rate of return will be less than the change in the marketrisk premium. If the stock's beta is equal to 1.0, then the changein required rate of return will be greater than the change in themarket risk premium. If the stock's beta is equal to 1.0, then thechange in required rate of return will be less than the change inthe market risk premium. If the stock's beta is greater than 1.0,then the change in required rate of return will be greater than thechange in the market risk premium. If the stock's beta is less than1.0, then the change in required rate of return will be greaterthan the change in the market risk premiu m. -Select- Stock'srequired rate of return will be %.